定義と通貨記号
In our previous lesson, we discussed various factors that could affect the markets beyond economic indicators. In the current lesson, we will discuss terms which are used in the jargon of the market. Useful definitions & currency nicknames HAWK A central bank official who is worried about high inflation and thus favours higher interest rates. Should the balance of power within a central bank tilt towards the hawks, that could lead towards a more aggressive tightening of the central bank’s monetary policy and thus may provide some support for the respective currency. DOVE A central bank official who is worried about low growth and unemployment, thus favours lower interest rates. […]
期待理論
In our previous lesson, we looked at fiscal policy and how that blends in with monetary policy. In our current lesson, we will discuss expectations theory. But first of all, how do expectations affect the market? Assuming that the market is efficient and information is instantly and freely available to all market participants, we could also reasonably expect the market to discount everything in advance. Given the importance placed by the market on the actions of central banks as analysed in the previous lesson it’s understandable that expectations of future changes in central bank policy are one of the main factors moving the currency market. Certain platforms such as the […]
財政政策
In our previous lesson we discussed monetary policy and inflation. In the current lesson, we will take a short peek into fiscal policy and how that blends in with monetary policy. But first of all, what is Fiscal policy? Fiscal policy is the action taken by a country’s government to influence the economy (usually to lower unemployment rates and boost economic growth). Basically, Fiscal policy is the mean by which a government adjusts its spending levels and tax rates to influence a nation’s economy. They spend money and/or cut taxes when the economy slows. They cut back their spending and increase taxes when growth gets back to normal. Government borrowing, tax and spending […]
金融政策とインフレーション
In our previous lesson, we discussed various factors affecting exchange rates. In this lesson, we will discuss how monetary policy affects exchange rates, while we will also discuss what inflation is and how it affects monetary policy. What is monetary policy? Monetary policy is the action taken by a country’s monetary authority (usually the central bank) and usually has an effect on the supply of money in an economy. Central banks control short-term interest rates in order to support the economy and particularly to control inflation. The broad consensus is that a country has 2% inflation target in order to achieve stable economic growth. Any significant deviation is usually met […]
為替レートに影響する要因
In our previous lesson, we discussed what fundamental analysis does and how demand and supply affect the markets. In the current lesson, we will discuss factors that affect exchange rates. There is a high number of factors affecting an exchange rate over the short, the medium and the long term. In this lesson we will discuss three. We will make a start with factors affecting growth. Overall, growth orientated countries offer the greatest potential for investors. Typically, more growth orientated countries offer more opportunities for expansion, while at the same time rising incomes by the local population facilitate an increase in demand.Following increases in demand, overseas companies may seeze the […]
入門：ファンダメンタル分析
In our first lesson about fundamentals, we will discuss what fundamental analysis actually is, how it can assist the trader and how supply and demand set rates. So, what is fundamental analysis? Fundamental analysis is the study of the economic and political forces that determine currency exchange rates. So, fundamental analysis is about trying to find the fair value of a currency in terms of another currency as expressed by exchange rates. By forecasting how these forces will change and develop over the medium term, we hope to forecast how exchange rates will move. Supply and demand Supply and demand are the most basic fundamental economic principles, where there are […]